Shri Piyush Goyal calls for a Single window portal for doing robust common KYC system for Stock Brokers, Mutual Fund and depositories etc; Shri Piyush Goyal calls for transparency and integrity in the stock markets to empower households and investment besides encourage investments. […]
PM addresses the conference on ‘Creating Synergies for Seamless Credit Flow and Economic Growth’ […]
International Financial Services Centres Authority (IFSCA) and GIFT City launched I-Sprint’21, the global FinTech Hackathon Series of IFSCA on 7th October 2021 at 11.30 AM IST. The first Sprint of the series “Sprint01: BankTech” is focussed on FinTechs for the Banking sector. […]
CBDT extends due dates for electronic filing of various Forms under the Income-tax Act, 1961 […]
The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi, has approved the signing Memorandum of Understanding between Institute of Chartered Accountants of India (ICAI) and Institute of Professional Accountants of Russia (IPAR). […]
Prime Minister Shri Narendra Modi launched the digital payment solution e-RUPI, a person and purpose-specific digital payment solution, today via video conference. e-RUPI is a cashless and contactless instrument for digital payment. […]
Direct tax collection for the first quarter of the current fiscal has doubled. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today. […]
Reserve Bank of India (RBI), the total amount of unclaimed deposits of Scheduled Commercial Banks (SCBs) was Rs. 24,356 crore, as of 31.12.2020. […]
The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2016 on 14th July 2021. […]
IFSCA has issued a framework for Setting up and operating International Trade Finance Services Platform (‘ITFS’) for providing Trade Finance Services at International Financial Services Centres (‘IFSCs’). The framework will enable Exporters and Importers to avail various types of trade finance facilities at competitive terms […]
Existing FCRA Account Holders given more time till 30.06.2021 to open “FCRA Account” in designated New Delhi Branch of State Bank of India […]
Dedicated Helpdesk by CBIC for Handholding Trade, Industry and Individuals
to expedite Customs Clearance of Imports related to COVID including Oxygen and oxygen related equipments etc […]
National Cooperative Development Corporation (NCDC) Secures Euro 68.87 Million (Rs. 600 cr) Loan from Deustsche Bank; The Agreement will strengthen Indo-German Relations […]
To support SC/ST and Women Entrepreneurs, the Government of India has sanctioned more than Rs 25,586 crore to over 1,14,322 accounts by the Banks under Stand-Up India Scheme in 5 years […]
Details of Voluntary Scrappage Policy to be declared within 15 days; Scrappage Policy will lead to new investment of Rs. 10,000 crores, and create 50,000 jobs; Minister welcomes increased outlay for National Highways […]
Eminent Scientists thought leaders, academicians, and industry experts of Central India highlighted the need for indigenization of technology, focus on traditional medicine system like AYUSH, the role of states in reaching out on rural issues […]
BUDGET 2021-22; Capital outlay increased by nearly 19 percent giving defense modernization historic push; Raksha Mantri thanks Prime Minister & Finance Minister for increasing defense budget to 4.78 lakh crore […]
The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today, which is the first budget of this new decade and also a digital one in the backdrop of the unprecedented COVID-19 crisis. […]
Presenting the first-ever digital Union Budget, Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman stated that India’s fight against COVID-19 continues into 2021 and that this moment in history […]
Grant of Rs.12,351 crore released for Rural Local Bodies; A total grant of Rs. 45,738 crore has been released to Rural Local bodies so far in 2020-21 […]
The International Financial Services Centres Authority (IFSCA) has become an Associate Member of the International Organization of Securities Commissions (IOSCO). […]
The Government of India and the World Bank today signed a $500 million project to build safe and green national highway corridors in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh […]
Cabinet approves the proposal of Securities & Exchange Board of India (SEBI) tosign Bilateral Memorandum of Understanding between India and Luxembourg […]
DEA with support of UN Better Than Cash Alliance today hosted a learning session “Accelerating Responsible Digital Payments: Unlocking the Role of Fintech in Last Mile Service Delivery” with leaders from States and Union Territories across India […]
The Asian Development Bank (ADB) and the Government of India here today signed a $50 million policy-based loan to improve financial management procedures and operational efficiencies aimed at achieving more fiscal savings […]
The Asian Development Bank (ADB) and the Government of India today signed a $132.8 million loan to strengthen and modernize the distribution network and improve the quality of power supplied to households, industries, and businesses […]
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today held a Video Conference with the Secretaries of the Ministries of Power, Mines, and Department of Atomic Energy and the CMDs of 10 CPSEs belonging to these Ministries, to review the capital expenditure (CAPEX) in this financial year. […]
The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved the FDI proposal no. 4930 for acquisition of 12.32% of the equity share capital (on a fully diluted basis) of M/s ATC Telecom Infrastructure Private Limited by M/s ATC Asia Pacific PTE Limited […]
Over the years, the Ministry of Finance has been holding pre-budget consultations in North Block with Industry/Commerce Associations, Trade Bodies, and Experts to seek ideas for the Annual Budget. Owing to the pandemic situation, the Ministry has received suggestions from various quarters for holding pre-budget consultations in a different format. […]
The Competition Commission of India (CCI) approves transfer of 100% shareholding of Sinochem Group Company Limited (Sinochem) and China National Chemical Corporation Limited (ChemChina) to a new company wholly owned by China State-owned Assets Supervision and Administration (Central SASAC) […]
Finance Minister Smt. Nirmala Sitharaman participates in 102nd meeting of the World Bank Development Committee Plenary
[…]
Finance Minister Smt. Nirmala Sitharaman attends the G20 Finance Ministers and Central Bank Governors Meeting through video conferencing
[…]
India and ADB Sign $300 Million Loan to Develop Rajasthan’s Secondary Towns
[…]
Under Pradhan Mantri Jan-Dhan Yojana (PMJDY), a free RuPay debit card is provided to the PMJDY account holders with inbuilt accident insurance cover of Rs. 1 lakh. This amount has been raised to 2 lakhs […]
The Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020), notified on 21st August, 2020, shall come into force from 21st September, 2020 […]
Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa, with effect from 18th September, 2020 relating to imported and export goods. […]
India sees a trade surplus of 14.2 B in International trade for Apr-Aug 2020 while exports being $182.13B and imports being $167.94B […]
MOS Anurag thakur says that the Government announced several measures to promote growth, investment and create new employment opportunities through the amendments in the Income-tax Act, 1961 and the Finance Act […]
GDP at Constant Prices in Q1 of 2020-21 is estimated at 26.90 lakh crore, as against 35.35 lakh crore in Q1 of 2019-20, showing a contraction of 23.9 percent as compared to 5.2 percent growth in Q1 2019-20 […]
Finance Minister to Review with Scheduled Commercial Banks and NBFCs, the implementation of the resolution framework for COVID-19 related stress in bank loans
[…]
CBIC has assured that no recoveries shall be made for the past period by the Central and State tax administration in accordance with the decision taken by GST Council […]
Prime Minister Narendra Modi launches platform for “Transparent Taxation – Honouring the Honest”; Tax system aims to be Seamless, Painless, Faceless; Says the number of taxpayers is significantly low with only 1.5 Crore paying taxes in a country of 130 Crore people; Prime Minister urges people to introspect and come forward to pay Income taxes due on them to build an AtmaNirbharBharat; With the launch of the Tax Charter, the taxpayer is assured of fair, courteous and rational behavior; Faceless appeal will be available across the country from 25th September i.e. Deen Dayal Upadhyay’s Birth Anniversary; “Banking the Unbanked, Securing the Unsecured, Funding the Unfunded and Honoring the Honest” – Focus of the Government; Emphasis is on making every law and policy People-Centric and Public Friendly rather than Power Centric. […]
Government of India has released Rs. 890.32 cr as the second installment of the COVID-19 Emergency Response and Health System Preparedness Package to 22 States/UTs. These include Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Rajasthan, Telangana, Andhra Pradesh, Goa, Gujarat, Karnataka, Kerala, Punjab, Tamil Nadu, West Bengal, Dadra & Nagar Haveli and Daman & Diu, Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland and Sikkim. The amount of the financial assistance is based on the COVID-19 case load in these States/UTs. […]
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.59/2020-Customs(N.T.), dated 16th July, 2020 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 7th August, 2020, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.
In terms of Government of India Notification No.4(4)-B/(W&M)/2020 dated April 13, 2020, Sovereign Gold Bonds 2020-21 (Series V) will be opened for the period August 03-07, 2020 with Settlement date August 11, 2020. The issue price of the Bond during the subscription period shall be `5,334 (Rupees Five thousand Three hundred thirty four only) – per gram, as also published by RBI in their Press Release dated July 31, 2020. […]
The Government of India has received Rs.1,53,581 crore (6.84% of corresponding BE 2020-21 of Total Receipts) upto Jun, 2020 comprising Rs. 1,34,822 crore Tax Revenue (Net to Centre), Rs. 15,186 crore of Non Tax Revenue and Rs.3,573 crore of Non Debt Capital Receipts. […]
The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman today said that the government is working with RBI on the Industry’s need for the restructuring of loans due to the COVID-19 impact. […]
The High Level Group (HLEG) on Agricultural Exports set up by the Fifteenth Finance Commission to recommend measurable performance incentives for States to encourage agricultural exports and to promote crops to enable high import substitution, has submitted its report to the Commission today. […]
Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman attended the 5th Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB) through video conference in New Delhi today. […]
The Government of India (GoI) has announced the Sale (Issue/Re-issue) of (i) ‘5.09 percent Government Stock, 2022’ for a notified amount of Rs 3,000 crore (nominal) through price based auction, (ii) ‘New 10 Year Government Stock, 2030’ for a notified amount of Rs 18,000 crore (nominal) through yield based auction, (iii) ‘GoI Floating Rate Bonds, 2033’ for a notified amount of Rs 4,000 crore (nominal) through price based auction, and (iv) ‘7.19 percent Government Stock, 2060’ for a notified amount of Rs 5,000 crore (nominal) through price based auction. […]
Copyright © 2020 | IndiaTIES. All rights reserved